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BDK Advokati has advised Montenegro's Industriaimport-Industriaimpex AD on its acquisition of 49% of the registered capital of Serbian pharmaceutical wholesaler Farmalogist d.o.o. from private equity firm Adriatic Fund B.V., and in connection with the Shareholders’ Agreement entered into with the owners of the remaining 51% of the shares. HRLE advised Adriatic, while Bojanovic & Partners advised the owners of 51% of the shares in Farmalogist.

Arcliffe has assisted Yazaki on corporate and labor-related matters related to the company's activity in Czech Republic, Slovakia, Serbia, Romania, Bulgaria, Slovenia, and Croatia. ODI Law supported Arcliffe in the Adria region countries.

Article 2 of the Montenegrin Law on the Protection of Competition limits the law’s application to acts undertaken within the territory of Montenegro and acts undertaken outside of Montenegro which have as their object or effect the distortion of competition in Montenegro. In practice, however, the Law on the Protection of Competition (the “Law”) seems sometimes to be applied beyond its territorial scope.

Things are going well in Montenegro at the moment, according to Komnenic Law Office Managing Partner Milos Komnenic, a function not only of the country’s stable political situation, with the current government elected in November 2016, and President Milo Dukanovic elected in April of this year, but more significantly as the result of the country’s June 2017 entrance into NATO.

October 30, 2018, Hyatt Regency Hotel, Belgrade

We are excited to announce that registration for the 2018 Balkan General Counsel Summit is now open. The event will take place in Belgrade’s Hyatt Regency Hotel on October 30, 2018.

In 2017, the Parliament of Montenegro adopted a new Law on Spatial Planning and Construction of Facilities (the “Law”), introducing major innovations in the field of spatial planning and construction. The Law entered into force on October 8, 2017.

Vladimir Radonjic, the Managing Partner of Radonjic Associates in Montenegro, reflects back on his Buzz interview in June 2017. "2018 has brought a lot more stability in terms of local politics, and the local economy is in better shape,” he says. "As you remember, in 2017 we joined NATO, and it seems the expectations people had that it would result in more stability have proven correct.”

The plans to regulate public-private partnerships have been in the program of the Montenegrin Government for at least ten years now. Despite its central importance to both the public and private sectors, a specific legislative and institutional framework in the area of PPPs is still not in place. Instead, PPPs are regulated by laws from several sectors and by the Law on Concessions. The main authoritative bodies in charge of implementing PPP projects are the Privatization and Capital Investment Council and the Concession Commission.

The winners of the 2017 CEE Deal of the Year Awards were announced at the first ever CEE Legal Matters Deal of the Year Awards Banquet last night in Prague. The biggest smiles in the joyous and music-filled celebration of CEE lawyering, perhaps, were on the faces of Partners from Avellum and Sayenko Kharenko, which, along with White & Case and Latham & Watkins, won the award both for Ukrainian Deal of the Year and CEE Deal of the Year for their work on the 2017 Ukraine Eurobond Issue (a story initially reported by CEE Legal Matters on October 2, 2017).

Slovenia: Fine-Tuning of the Tax System

In the beginning of 2018, Slovenia introduced several minor and mainly administrative changes to its tax legislation, mostly addressing and resolving inconsistencies in the legislation that had been detected in practice. 

The first upscale exploration of oil and gas in Montenegro started in 1914, when King Nikola Petrovic approved the National Assembly’s decision for oil exploration around Lake Skadar. The first well in the area of Crmnica dates back to 1922 – although it produced nothing of significance.

Montenegro, being a small country, is characterized by rapid modifications and changes in its business and financial environments. The new Montenegrin Law on the Capital Market (the “Law”), which came into force at the very beginning of 2018, is designed to create and develop a consolidated financial background, and represents the first attempt to introduce a systematic regulation in this domain to support investors and efficiently protect their interests. 

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Montenegro Knowledge Partner

Radonjic/Associates is a leading Montenegrin full service law firm, providing integrated legal advice on complex transactions to its clients. The Firm’s client base is a diverse range of large international corporations, international financial institutions, leading energy and construction companies in Europe, and wealthy individuals investing in Montenegro. The Firm’s work is guided by commitment to delivering a responsive, cost effective and commercially focused service. Radonjic/Associates is recognized for its quality, the reputation of its professionals, and its international outlook. Some of the Firm’s lawyers have been individually ranked as the leading lawyers in Montenegro by major legal directories such as Chambers Europe, Chambers Global, IFLR, Legal 500.

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